GS Finance plans to price contingent coupon autocalls tied to Boeing

By Wendy Van Sickle

Columbus, Ohio, July 12 – GS Finance Corp. plans to price contingent coupon autocallable notes due Oct. 26, 2020 linked to Boeing Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.4% if the underlying stock closes at or above its 75% coupon barrier on the observation date for that period.

Starting in January 2020, the notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the stock finishes below its 70% barrier level, in which case investors will be fully exposed to the decline of the stock from its initial price.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on July 24.

The Cusip number is 40056FUD5.

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